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Futures Collateral Currencies

Multi-Collateral Linear Futures

The Multi-Collateral wallet allows traders the flexibility to deposit a variety of collateral currencies to back their positions. Neither base nor the quote currency is needed as collateral to trade and all collaterals are valued in USD for margining under a single wallet with cross or isolated margin.
Haircuts and conversion fees apply to non-USD collateral currencies.
The following collateral currencies are supported:
Collateral AssetTickerHaircutConversion Fee
US DollarUSD0%N/A
EuroEUR1%0.05%
British PoundGBP1%0.05%
USDCUSDC1%0.05%
USD TetherUSDT1%0.05%
Paypal USDPYUSD3%0.05%
Tether EURtEURT3%0.5%
PAX GoldPAXG3%0.5%
BitcoinBTC3%0.5%
EthereumETH3%0.5%
CardanoADA5%0.5%
DogecoinDOGE5%0.5%
PolygonMATIC5%0.5%
RippleXRP5%0.5%
AvalancheAVAX7.5%0.5%
ChainlinkLINK7.5%0.5%
CosmosATOM7.5%0.5%
InjectiveINJ7.5%0.5%
LitecoinLTC7.5%0.5%
PolkadotDOT7.5%0.5%
SolanaSOL7.5%0.5%
TRONTRX7.5%0.5%
ArbitrumARB10%0.5%
CelestiaTIA10%0.5%
Fetch.aiFET10%0.5%
FilecoinFIL10%0.5%
The GraphGRT10%0.5%
KusamaKSM10%0.5%
MinaMINA10%0.5%
SeiSEI10%0.5%
Interest and auto-conversions can apply to unrealised losses uncovered by USD, depending on the value of the loss. See Fees for Multi-Collateral Futures for more information.

What is a haircut? When does it apply?

A haircut is a reduction in the value of a collateral asset that may be used as margin.
This applies to both non-USD funds in the margin wallet as well as non-USD unrealised Profit/Loss and funding (See Unrealized as Margin).
Haircuts only apply to collateral for Multi-Collateral contracts.

Haircut Example

A trader has 0.5 BTC in their multi-collateral wallet and the current bitcoin-dollar index price is 35,000.
The balance value of this is 17,500 USD.
The haircut rate for BTC is 4%, meaning for collateral currency purposes this 0.5 BTC counts for 16,800 USD towards their multi-collateral margin.
This 16,800 USD equivalent is what can be used for collateral to back new orders and positions.
Asset Balance
0.5 BTC
Balance Value (Asset Balance * Index Value)
(0.5 BTC * 35,000) = 17,500 USD
Collateral Value (Amount in collateral asset * index value) * (1 - haircut rate)
(0.5 BTC * 35,000) * (1 - 0.04) = 16,800 USD

Single-Collateral Inverse Futures

Single-Collateral Inverse contracts* only allow the base currency of the pair to be used as collateral.
Each collateral currency has a separate wallet and each wallet's collateral supports trading of both perpetual and fixed maturity contracts. 
e.g. if trading a BTC/USD contract, the only collateral allowed would be BTC. 
*Only available on legacy UI 
WalletCollateralIndexHaircut
FI_BTCUSDBTCBRTIN/A
FI_ETHUSDETHETHUSD_RTIN/A
FI_LTCUSDLTCLTCUSD_RTIN/A
FI_XRPUSDXRPXRPUSD_RTIN/A
FI_BCHUSDBCHBCHUSD_RTIN/A